WASHINGTON--White House hopeful Sen. Barack Obama (D-Ill.) touts ethics in a new Iowa spot for this leadoff presidential vote state. The opening scene in the ad is of his announcement speech last February in Springfield. Obama in the spot said he is "extremely proud" that his campaign has refused money from political action committees and federal lobbyists. Former Sen. John Edwards (D-N.C.) also has bragging rights--he only took $20 from PACs.
Obama did take money from PACs and lobbyists for his state senate, U.S. House and U.S. Senate campaigns. "He is leading by example," a narrator in the ad said.Obama embraced the self-imposed ban on PAC and lobbyist money only when he opened his presidential campaign fund in February.
A PAC fact: PACs tend not to be major players in presidential campaign primaries.
Of the $265 million raised by the entire field of 2008 candidates (not counting transfers in and candidate contributions) only $2,215,061 of that came from PACs.
How much did Obama "sacrifice" by not taking PAC money. Let's look at the leading PAC receipient, who turns out to be chief rival Sen. Hillary Rodham Clinton (D-N.Y.) In the first half of the year, she collected $532,046 from PACS, according to an analysis by the Federal Election Commission, followed by Sen. Chris Dodd (D-Ct.) at $458,194; Sen. John McCain (R-Ariz.) who received $393,812; GOP former Massachusetts Gov. Mitt Romney collected $222,900; former GOP New York city Mayor Rudy Giuliani took in $219,158; New Mexico Gov. Bill Richardson, $126,800; Sen. Joe Biden,(D-Del.); $65,200; Sen. Sam Brownback (R-Ks.) $40,635; Rep. Dennis Kucinich (D-Ohio), $1,400.
To view the ad, click: http://www.barackobama.com/takeitback.html
for the script and Obama release, click below...